The Best Gift A Great Accountant Can Give You Is Time!
More time equals a better work/life balance ...
POSTED BY JONATHAN VOWLES ON 28/05/2019 @ 8:00AM
One of the things that a great accountant will help you to get back is time. Time to spend with your family, time to spend on holiday, time to spend developing your business and time to just sit back and relax ...
Working with a great accountant will always gift you more time to do the things you want to do!
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So, ask yourself some simple questions. Over the last quarter:
How many times have you finished work and started relaxing early?
How many times have you worked early or late or at the weekend?
How many holidays have you had over that same period?
How would it make you feel to have more time for yourself and your family?
We all know about work-life balance. If you run an SME business, you probably give the concept lots of thought, but don't really achieve it.
The issue is that Time is finite; it is how you use it that is important. Which is where a great accountant can help you, but you have to let them help you to do this!
You see, one of the things a great accountant will do is help you to look at your business and how you do what you do. And if you are happy for them to do so, then there are various things they can do to help you.
So, what are the top three things to think about in your business? And note that these are all tried and tested things that work. We have helped numerous business owners regain more time by asking these three questions:
Are you spending time manually creating the entries in your accounting system?
Firstly, we can help take away the laborious paperwork by doing it for you! Secondly, and probably more rewardingly, we can help you to automate the paperwork so that your computer does more for you.
Do you spend ages chasing your customers to pay their bills?
Firstly and Secondly, the same answers as before; we could do it for you, but it is often better to look at ways to automate this. Automation isn't a complete answer, but it will make a considerable difference to your debtor chasing workload.
Quite often a better answer is to look at why your customers owe you money in the first place and find ways to resolve that. For example, If you take payment up front rather than in arrears, then you don't need to chase anyone for payment! Sometimes approaching a problem from the other side works and this is one way in which an accountant's perspective can make a difference to you.
Do you feel that there is always too much month and not enough money?
As great accountants, we always look at your profitability and can help you implement ways to earn more money. Does more money give you more time? Well no, by itself it doesn't, but more profits in your business and more money left in your business each month becomes an enabler to getting more time, and this certainly helps you to have less stress.
Of course, there are no 'one-size fits all' answers. The three things mentioned here may or may not affect you and your business; your issues may be very different. You really need me to help you review your business and work out how to make a difference for you.
"Would you like to know more?"
Thinking about your business, or someone you know, do you or they need help? If you'd like to talk to a great accountant and see how we can give you more time, then do give me a call on 01234 752 566 or click here to ping me an email and let's see how I can help you.
Until next time ...
More about Jonathan Vowles ...
I've been an accountant in and for business since 1987 and have a wide experience of consultancy, audit, accounts, taxation and wealth planning work from individuals and small businesses to multinational corporations and charities.
My eclectic interests in growing and developing business span a number of areas, which can be summarised as strategic business advice and tax saving advice.
I have worked with the Chamber of Commerce to deliver courses for people about starting up in business and have lectured about tax for a major accountancy practice and for Milton Keynes College.
I relax by reading fiction and by getting away from the office in a campervan.
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